Re: Good Buying Opportunity????

you obviously know the energy market better than most. My guy at goldman,
Jonathan Raleigh, has been on calpine for 4 years and has killed it, so i'm
just following his lead. as for the futile leadership in ca, i agree.
wouldn't it be nice for you, me , tj, and sweets to run a company or a
state. j
----- Original Message -----
From: <Kevin.Ruscitti@enron.com<
To: <jstamas@carolina.rr.com<
Sent: Friday, March 23, 2001 7:42 AM
Subject: Re: Good Buying Opportunity????

<
< Stamos,
<
< Glad everyone had a good time at Sweets'. I hope he had a blast.
<
< In terms of your email reply,
< you can have Calpine. How are they going to make money long term if price
< caps are instituted? This obviously would be the stupidest policy. In
< addition
< their exposure to the CA crisis must be pretty significant - when and how
< are they
< going to get paid? I wouldn't want to bank on the energy market in the
< most
< regulated state in the country. Plus, if the state backs energy
purchases,
< it's
< going to get to the point where who wants to own CA credit?? PG&E and
< Edison
< International are doomed, as they should be. The state of CA is going to
< go
< down the tubes unless they find some good leadership. Unfortunately,
noone
< out there seems to have the least clue on how to solve the problem. The
< politicians
< are a complete joke. It is incredibly disheartening to witness the
< absolute stupidity
< of the CA politicians in addressing this issue. They seem to be much more
< focused
< on finger pointing than coming up with a viable solution. I honestly
think
< they are incable
< of solving the problem.
<
<
< KR
<